Chancellor Rachel Reeves told sceptical corporate leaders on Monday there would be no more tax rises on British businesses, as she insisted there was no alternative to the £40bn increase in taxes in last month’s Budget.
She said at the CBI annual conference she had no regrets about her fiscal decisions, even as some executives warned they were reconsidering investment plans because of her actions.
“There’s a lot of feedback about the Budget, and I expect I’ll hear more of it in the room today,” Reeves said to only sparse applause during the business lobby group’s event at the QEII centre in central London.
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